BSMP vs. AMDY

Last updated Jun 25, 2026

BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and AMDY (YieldMax AMD Option Income Strategy ETF) are both exchange-traded funds - BSMP is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2025 Index, while AMDY is a Derivative Income fund actively managed by YieldMax ETFs. BSMP is passively managed, while AMDY is actively managed. At a correlation of -0.03, they often move in opposite directions. BSMP charges 0.18%/yr vs 1.23%/yr for AMDY.

Performance

BSMP vs. AMDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and YieldMax AMD Option Income Strategy ETF (AMDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDY

• 1D: 0.15%
• 1M: 8.53%
• YTD: 101.64%
• 6M: 102.07%
• 1Y: 190.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSMP vs. AMDY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSMP Invesco BulletShares 2025 Municipal Bond ETF	0.00%	2.27%	2.46%	1.93%
AMDY YieldMax AMD Option Income Strategy ETF	101.64%	53.93%	-17.00%	25.92%

Correlation

The correlation between BSMP and AMDY is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Sep 19, 2023	-0.03

The correlation between BSMP and AMDY shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BSMP vs. AMDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

AMDY

AMDY Risk / Return Rank: 91
AMDY Sharpe Ratio Rank: 95
AMDY Sortino Ratio Rank: 89
AMDY Omega Ratio Rank: 90
AMDY Calmar Ratio Rank: 95
AMDY Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSMP vs. AMDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and YieldMax AMD Option Income Strategy ETF (AMDY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSMP	AMDY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.42	—
Sortino ratio: Return per unit of downside risk	—	3.68	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	6.94	—
Martin ratio: Return relative to average drawdown	—	15.47	—

Drawdowns

Drawdown Indicators

	BSMP	AMDY	Difference
Max Drawdown Largest peak-to-trough decline	—	-53.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-27.59%	—
Current Drawdown Current decline from peak	—	-4.59%	—
Average Drawdown Average peak-to-trough decline	—	-17.76%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.35%	—

Volatility

Volatility by Period

	BSMP	AMDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	56.19%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	46.90%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	46.90%	—

BSMP vs. AMDY - Expense Ratio Comparison

BSMP has a 0.18% expense ratio, which is lower than AMDY's 1.23% expense ratio.

Dividends

BSMP vs. AMDY - Dividend Comparison

BSMP's dividend yield for the trailing twelve months is around 1.05%, less than AMDY's 65.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AMDY YieldMax AMD Option Income Strategy ETF	65.78%	80.68%	109.98%	6.68%	0.00%	0.00%	0.00%	0.00%
BSMP Invesco BulletShares 2025 Municipal Bond ETF	1.05%	2.35%	2.53%	2.20%	1.23%	0.72%	1.32%	0.35%

Frequently Asked Questions

Can I hold both BSMP and AMDY in my portfolio?

BSMP and AMDY have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMP or AMDY?

On fees, BSMP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSMP or AMDY?

BSMP is cheaper with a 0.18% expense ratio, compared with 1.23% for AMDY.

Which ETF pays a higher dividend yield, BSMP or AMDY?

AMDY has the higher dividend yield at 65.78%, compared with 1.05% for BSMP.

What is the main difference between BSMP and AMDY?

BSMP is categorized as Municipal Bonds, while AMDY is Derivative Income. They also come from different issuers: Invesco and YieldMax ETFs. Their fees differ too: 0.18% for BSMP and 1.23% for AMDY.